Proactiveinvestors United Kingdom Tekcapital PLC https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Tekcapital PLC RSS feed en Tue, 25 Jun 2019 10:28:32 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Tekcapital’s Guident portfolio company licenses “important” self-driving car patent from Michigan State University ]]> https://www.proactiveinvestors.co.uk/companies/news/222729/tekcapitals-guident-portfolio-company-licenses-important-self-driving-car-patent-from-michigan-state-university-222729.html Tekcapital PLC’s (LON:TEK) Guident portfolio company has exclusively licensed an “important” patent application from Michigan State University covering a technology which allows driverless cars to ‘talk’ to one another.

Based on technology licensed from a Florida university, Guident is developing software to improve the safety and utility of autonomous vehicles (AVs).

READ: Guident praises “visionary” move by Florida lawmakers to legalise self-driving cars

MSU has built a system that enables self-driving cars to share information with other AVs and drones about objects detected by their sensors, flagging up pedestrians, potential hazards and traffic conditions in real time.

Having exclusively licensed the patent application, Guident now has the right to use the technology in its own software.

“We are pleased to announce that Guident has acquired the exclusive license to PCT US19 14 547,” said Guident chairman Harald Braun.

“This patent application leverages the forthcoming 5G network for acquiring and sharing vehicle-to-vehicle and vehicle-to-object information to improve safety and reduce the likelihood of AV and drone accidents.”

Tekcapital chairman, Clifford Gross, added: “To enhance the safety and practicality of AV's, vehicle-to-vehicle and vehicle-to-object information sharing systems are needed.

“The forthcoming 5G networks will help make this technology a useful improvement for safe AV and drone operation by empowering AV's to "see" not only what its sensors detect but what the sensors of all nearby vehicles are able to detect.”

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Tue, 25 Jun 2019 07:36:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/222729/tekcapitals-guident-portfolio-company-licenses-important-self-driving-car-patent-from-michigan-state-university-222729.html
<![CDATA[RNS press release - Guident Acquires Additional IP ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190625070005_14122613/ Tue, 25 Jun 2019 07:00:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190625070005_14122613/ <![CDATA[News - Tekcapital's Salarius in talks with “numerous” snack-food companies for MicroSalt ]]> https://www.proactiveinvestors.co.uk/companies/news/222644/tekcapital-s-salarius-in-talks-with-numerous-snack-food-companies-for-microsalt-222644.html Salarius, a portfolio company of Tekcapital PLC (LON:TEK), has secured and delivered a new order for its low-sodium salt substitute MicroSalt and said it is in discussions about “numerous” others.

The latest order for MicroSalt, which reduces sodium intake as its salt particles are around 100 times smaller than regular salt, comes from a Mexican seafood company to be used in their dried shrimp snacks.

READ: Tekcapital’s Salarius sees new milestones for MicroSalt and SaltMe products

The contract follows up on April’s first ever commercial order and another order earlier this month from an American snack food company.

Chief executive Victor Hugo Manzanilla said Salarius, which is 97.5%-owned by university spin-out specialist Tekcapital, “is in discussions with numerous snack food companies who are evaluating MicroSalt for possible inclusion in their products, and we will update the market in due course”.

He added that “consumer demand for better-for-you snack options continues to drive marketplace adoption of low sodium snacks”.

After research earlier this year from the National Academies of Sciences, Engineering and Medicine has recommended significantly reduced sodium consumption, Manzanilla says the nano-particle salt product can help food companies and consumers to meet the new guidelines.

MicroSalt is a natural product made with micron-size salt particles that dissolve in the mouth much faster than regular salt, delivering an increased sensation of saltiness with much less salt, and as a result requiring half as much.

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Mon, 24 Jun 2019 07:38:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/222644/tekcapital-s-salarius-in-talks-with-numerous-snack-food-companies-for-microsalt-222644.html
<![CDATA[RNS press release - Salarius Secures New Order for MicroSalt® ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190624070006_14120836/ Mon, 24 Jun 2019 07:00:06 +0100 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190624070006_14120836/ <![CDATA[News - Tekcapital’s Salarius sees new milestones for MicroSalt and SaltMe products ]]> https://www.proactiveinvestors.co.uk/companies/news/222045/tekcapitals-salarius-sees-new-milestones-for-microsalt-and-saltme-products-222045.html Tekcapital PLC (LON:TEK) shares jumped higher on Thursday after the firm told investors that its portfolio company Salarius Ltd has completed a follow-on order for MicroSalt with an American snack food company.

Salarius has developed MicroSalt which is a proprietary salt comprising micron-size salt particles that dissolve in the mouth significantly faster than regular salt. It creates a higher sensation of saltiness with much less salt. As a result, products using MicroSalt can contain around 50% less sodium.

In addition to the US order, Salarius has now completed test production of its potato chip snacks, branded SaltMe.

READ: Tekcapital’s Lucyd launches new line of Bluetooth glasses

The plan is to introduce SaltMe as a line of ‘full-flavor, low-sodium’ potato chips later this year – the production range will include four flavours original, barbecue, sour cream & onion and cheddar & sour cream.

TekCapital highlighted that in panel testing with ‘salty snack buyers’  SaltMe saw weighted purchase intent of 27.75%, which is described as being significantly higher than average for new product initiatives.

"We are very glad to announce the follow-on order for MicroSalt and the successful test production of our new SaltMe chips,” said Victor Hugo Manzanilla, Salarius chief executive.

“Consumers are aware of the need to eat healthier and select better-for-you options when available. MicroSalt and SaltMe snacks will help consumers reduce sodium consumption whilst providing the great salty taste they enjoy. MicroSalt is non-GMO and all natural,” he added.

TekCapital chairman Clifford Goss, meanwhile, said he was delighted with the continued progress being made by the Salarius team.

“MicroSalt has the potential to empower companies and consumers worldwide to enjoy full-flavour snacks with reduced sodium,” he added.

TekCapital owns 97.5% of Salarius ltd’s share capital.

In early morning trading, shares in Tekcapital were 14.4% higher at 12.75p.

 -- Adds share price --

 

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Thu, 13 Jun 2019 08:42:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/222045/tekcapitals-salarius-sees-new-milestones-for-microsalt-and-saltme-products-222045.html
<![CDATA[RNS press release - Salarius Secures & Delivers Follow-on Order ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190613070009_14109022/ Thu, 13 Jun 2019 07:00:09 +0100 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190613070009_14109022/ <![CDATA[News - Tekcapital’s Lucyd launches new line of Bluetooth glasses ]]> https://www.proactiveinvestors.co.uk/companies/news/220205/tekcapitals-lucyd-launches-new-line-of-bluetooth-glasses-220205.html Tekcapital PLC’s (LON:TEK) shares got a boost on Tuesday after its portfolio firm, Lucyd, launched Loud 2.0, a new range of its Bluetooth-enabled glasses.

The investment firm said Lucyd’s new collection would include 10 exclusive designs with more than 20 types of corrective lenses.

READ: Tekcapital’s Guident portfolio company praises “visionary” move by Florida lawmakers to legalise self-driving cars

The Lucyd Loud range has speakers integrated into the frames of glasses, allowing wearers to listen music, make phone calls and use voice assistants such as Siri and Alexa without the need for headphones.

"We are delighted to see the continuing progress of Lucyd with their launch of Loud 2.0”, said Dr Clifford Gross, chairman of Tekcapital.

“We believe that Lucyd is well positioned to see growth of its products in the new segment it has pioneered -- online prescription eyewear that enables the use of digital assistants."

In early trading, Tekcapital’s shares were up 1.4% at 10.7p.

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Tue, 14 May 2019 08:46:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/220205/tekcapitals-lucyd-launches-new-line-of-bluetooth-glasses-220205.html
<![CDATA[RNS press release - Lucyd Launches Loud 2.0 Eyewear Line ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190514070001_14072354/ Tue, 14 May 2019 07:00:01 +0100 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190514070001_14072354/ <![CDATA[News - Tekcapital’s Guident portfolio company praises “visionary” move by Florida lawmakers to legalise self-driving cars ]]> https://www.proactiveinvestors.co.uk/companies/news/219635/tekcapitals-guident-portfolio-company-praises-visionary-move-by-florida-lawmakers-to-legalise-self-driving-cars-219635.html Florida has moved to legalise self-driving cars – good news for Tekcapital PLC’s (LON:TEK) portfolio company, Guident, which has hailed the “visionary” decision.

Based on technology licensed from a Florida university, Guident is developing software to improve the safety and utility of autonomous vehicles (AVs).

READ: Guident files for new patent for self-driving car tech

That leaves it well-placed to benefit from the bill passed by Florida’s state legislature on Wednesday making it legal to operate AVs all over the Sunshine state. All the bill needs now is governor Ron DeSantis’ signature for it to officially go into law.

As well as being able to drive their own driverless cars, people will also be able to hail them once ride-share apps such as Uber start to roll them out.

“Guident welcomes this visionary decision,” said Guident chairman Harald Braun.

“With this bill, Florida has made a tremendous step forward in enabling the market for autonomous vehicles and their control using mobile devices. This is consistent with the mission of Guident and its intellectual property.”

He added: “One of the main criteria for market success of AVs…is governments' willingness to regulate and support AV development.

"The bill clearly shows a commitment by the state of Florida to the AV vehicle and mobility market, and the opportunities it provides for on-demand services.”

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Fri, 03 May 2019 07:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/219635/tekcapitals-guident-portfolio-company-praises-visionary-move-by-florida-lawmakers-to-legalise-self-driving-cars-219635.html
<![CDATA[RNS press release - Florida Legislature Approves Autonomous Vehicles ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190503070004_14061796/ Fri, 03 May 2019 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190503070004_14061796/ <![CDATA[News - Tekcapital’s Guident portfolio company files new patent for self-driving car tech ]]> https://www.proactiveinvestors.co.uk/companies/news/219237/tekcapitals-guident-portfolio-company-files-new-patent-for-self-driving-car-tech-219237.html University technology investment group Tekcapital PLC (LON:TEK) has confirmed its portfolio company, Guident, has filed for a new patent with US regulators.

Based on technology licensed from Florida Agricultural and Mechanical University, Guident is developing software to improve the safety and utility of self-driving cars.

READ: Tekcapital gets a boost as Belluscura raises over £500k in crowdfunding drive

The latest patent is called Methods and Systems for Emergency Handoff of an Autonomous Vehicle and deals with the operation and control of an autonomous vehicle in the event of an accident.

“In a recent survey by PWC, 43% of respondents indicated that a key perceived disadvantage of AVs relates to safety concerns,” said Guident chairman Harald Braun.

“We believe our new patent will help address some of these issues by defining forward-thinking, post-accident protocols.”

Tekcapital chairman Clifford Gross added: “We are delighted to see that Guident is expanding its intellectual property to cover additional software features to improve safety while using autonomous vehicles.”

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Mon, 29 Apr 2019 08:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/219237/tekcapitals-guident-portfolio-company-files-new-patent-for-self-driving-car-tech-219237.html
<![CDATA[RNS press release - Guident Files Additional Patent ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190429070020_14054600/ Mon, 29 Apr 2019 07:00:20 +0100 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190429070020_14054600/ <![CDATA[News - Tekcapital gets a boost as Belluscura raises over £500,000 in crowdfunding drive ]]> https://www.proactiveinvestors.co.uk/companies/news/219012/tekcapital-gets-a-boost-as-belluscura-raises-over-500000-in-crowdfunding-drive-219012.html Tekcapital PLC’s (LON:TEK) shares surged on Wednesday morning after its portfolio company, Belluscura, raised £500,730 in a crowdfunding round.

The IP investment firm, which owns 25% of Belluscura, said it had been a minority participant in the crowdfunding, which initially had a target of £500,000.

READ: Tekcapital soars as Salarius secures first order for MicroSalt

Dr Clifford Gross, chairman of Tekcapital, said the funds would be used by Belluscura to complete regulatory clearance and launch its portable oxygen concentrator X-PLOR later this year.

He added that the fundraising gave Belluscura a pre-market valuation of just over £5mln, a 50% increase on the valuation Tekcapital listed for the firm in its 2018 accounts.

X-PLOR can deliver almost pure oxygen to patients on a 24-hour basis and is aiming to serve as a lighter replacement to metal oxygen tanks and improve the mobility of people suffering from chronic obstructive pulmonary disease (COPD), a non-curable lung illness that affects over 250mln people worldwide.

“The directors believe that Belluscura's new device will help to improve the quality of life and reduce treatment cost for individuals suffering from COPD", Gross said.

Shares were up 16.7% at 14.3p.

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Wed, 24 Apr 2019 08:39:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/219012/tekcapital-gets-a-boost-as-belluscura-raises-over-500000-in-crowdfunding-drive-219012.html
<![CDATA[RNS press release - Portfolio company, Belluscura plc, raises £500,730 ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190424070005_14049245/ Wed, 24 Apr 2019 07:00:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190424070005_14049245/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190423110559_14048406/ Tue, 23 Apr 2019 11:05:59 +0100 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190423110559_14048406/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190423110036_14048380/ Tue, 23 Apr 2019 11:00:36 +0100 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190423110036_14048380/ <![CDATA[Media files - Tasty numbers for Tekcapital as Salarius celebrates first order for MicroSalt ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/13073/tasty-numbers-for-tekcapital-as-salarius-celebrates-first-order-for-microsalt-13073.html Tue, 23 Apr 2019 08:49:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/13073/tasty-numbers-for-tekcapital-as-salarius-celebrates-first-order-for-microsalt-13073.html <![CDATA[News - Tekcapital soars as Salarius secures first order for MicroSalt ]]> https://www.proactiveinvestors.co.uk/companies/news/218932/tekcapital-soars-as-salarius-secures-first-order-for-microsalt-218932.html Tekcapital PLC’s (LON:TEK) shares soared higher on Tuesday after its portfolio company, Salarius, secured the first commercial order for its low-sodium salt substitute MicroSalt.

The AIM-listed IP investor said the MicroSalt customer would incorporate the substitute into their snack food business, with the first order expected to be dispatched in May.

READ: Tekcapital shares rise as it teams up with Peru tech accelerator

MicroSalt is made with particles of natural salt that are around 100 times smaller than regular salt, reducing the amount of sodium intake when consumed.

The low sodium ingredient market is estimated to be worth around US$1.76bn by 2025, with an annual growth rate of 11.7%.

Dr Clifford Gross, executive chairman of Tekcapital, said the order was “a major milestone” for Salarius and that the company would be successful in “making a dent in helping to reduce cardiovascular diseases, the leading cause of death in the world".

Victor Hugo Manzanilla, chief executive of Salarius, added that MicroSalt would “help manufacturers worldwide take a leadership role in reducing cardiovascular disease by enhancing the nutritional content of their products”.

High sodium intake can cause high blood pressure and lead to cardiovascular disease, which according to World Health Organization (WHO) estimates causes around 31% of global deaths each year.

In early afternoon trading, Tekcapital shares had leapt 92% higher to 12.75p, the London market's top gainer.

 -- Updates share price --

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Tue, 23 Apr 2019 08:03:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/218932/tekcapital-soars-as-salarius-secures-first-order-for-microsalt-218932.html
<![CDATA[RNS press release - Salarius secures first commercial order ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190423070006_14047482/ Tue, 23 Apr 2019 07:00:06 +0100 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190423070006_14047482/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190405151203_14031270/ Fri, 05 Apr 2019 15:12:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190405151203_14031270/ <![CDATA[News - Tekcapital shares rise as it teams up with Peru tech accelerator ]]> https://www.proactiveinvestors.co.uk/companies/news/217725/tekcapital-shares-rise-as-it-teams-up-with-peru-tech-accelerator-217725.html Tekcapital PLC (LON:TEK) shares rose on Tuesday after the group unveiled a new strategic partnership with a technology incubator and accelerator programme in Peru.

The AIM-quoted firm is teaming up with Emprende UP, which is part of Universidad del Pacífico (UP), Peru’s leading business school.

READ: Tekcapital jumps as self-driving car partner launches commercial website

Emprende has been working to fund and assist a large number of start-ups in Peru, Tekcapital noted.

"We are very pleased to announce the formation of a strategic alliance with Emprende UP to provide technology transfer services with them throughout Perú," said Dr Clifford Gross, Tekcapital executive chairman.

“The directors of Tekcapital believe Perú is a rapidly growing market for the company's technology investment and commercialisation services.”

Javier Salinas, Emprende UP director, added: "Our strategic alliance with Tekcapital will change the intellectual property landscape for universities and entrepreneurs in Peru."

In late morning trading, Tekcapital shares were 2% higher at 6.38p.

 -- Adds share price -- 

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Tue, 02 Apr 2019 07:48:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/217725/tekcapital-shares-rise-as-it-teams-up-with-peru-tech-accelerator-217725.html
<![CDATA[RNS press release - Strategic Alliance Agreement with Emprende UP ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190402070022_14024607/ Tue, 02 Apr 2019 07:00:22 +0100 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190402070022_14024607/ <![CDATA[News - Tekcapital jumps as self-driving car firm Guident launches commercial website ]]> https://www.proactiveinvestors.co.uk/companies/news/217610/tekcapital-jumps-as-self-driving-car-firm-guident-launches-commercial-website-217610.html Tekcapital PLC’s (LON:TEK) shares jumped in early deals on Monday after its portfolio firm Guident launched its commercial website.

Guident, which is wholly-owned by Tekcapital, focuses on the development of autonomous vehicles software apps and counts the former head of General Motors Co’s (NYSE:GM) Cadillac division among its directors.

READ: Former General Motors' Cadillac boss joins Tekcapital's Guident as director

"Guident's mission is to enhance the safety, convenience and enjoyment of using autonomous vehicles (AV) by providing innovative mobile software applications with proprietary technology that addresses the convergence of AV, artificial intelligence and mobility", said Harald Braun, Guident’s chairman.

Dr Clifford Gross, chairman of Tekcapital, added: "We are delighted to see that Guident is on track with its development program.  We believe that autonomous vehicles will help democratize transportation and that a great deal of this value will be facilitated by control of AV's with smartphone or smartwatch software apps."

Shares were up 10.6% at 6p.

--Adds share price--

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Mon, 01 Apr 2019 08:01:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/217610/tekcapital-jumps-as-self-driving-car-firm-guident-launches-commercial-website-217610.html
<![CDATA[RNS press release - Portfolio Company Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190401070007_14022526/ Mon, 01 Apr 2019 07:00:07 +0100 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190401070007_14022526/ <![CDATA[News - Tekcapital lifted as Lucyd files 13 design patents for smartglasses range ]]> https://www.proactiveinvestors.co.uk/companies/news/217091/tekcapital-lifted-as-lucyd-files-13-design-patents-for-smartglasses-range-217091.html Tekcapital PLC’s (LON:TEK) shares were lifted in mid-morning on Monday after its portfolio company Lucyd filed 13 design patents for a new line of its Lucyd Loud Bluetooth-enabled speaker glasses.

The firm, which commercialises IP’s from university technology, said the new glasses, which allow wearers to listen to music and phone calls through speakers in the frames, would be available late in the second quarter of 2019.

READ: Tekcapital jumps as Lucyd readies to launch glasses line in partnership with NFL pro Richard Sherman

"We are pleased to announce the filing of additional intellectual property to cover the expansion of our line of Lucyd Loud smartglasses”, said Harrison Gross, media lead and co-founder of Lucyd.

“We believe Lucyd Loud is the first entry into the smartglass market that is suitable for mass adoption, as a result of its affordable price point, attractive design, prescription availability and high utility."

Dr Clifford Gross, chairman at Tekcapital, said: "We are delighted to see the progress of Lucyd with their filing of additional IP to cover their forthcoming Loud smart eyewear line, the recent appointment of American football star Richard Sherman as brand ambassador, as well as the latest enhancements to their website."

In a separate announcement, Tekcapital said that Clifford Gross would be giving a presentation at the UK Investor show, Britain's largest one-day investor event, on 30 March.

Shares were up 4.7% at 5.6p.

--Adds share price--

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Mon, 25 Mar 2019 08:06:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/217091/tekcapital-lifted-as-lucyd-files-13-design-patents-for-smartglasses-range-217091.html
<![CDATA[RNS press release - Portfolio Company Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190325070013_14013448/ Mon, 25 Mar 2019 07:00:13 +0000 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190325070013_14013448/ <![CDATA[RNS press release - Investor conference call ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190314070003_14001487/ Thu, 14 Mar 2019 07:00:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190314070003_14001487/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190301172624_13988022/ Fri, 01 Mar 2019 17:26:24 +0000 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190301172624_13988022/ <![CDATA[RNS press release - Update of Research Coverage ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190226070027_13981273/ Tue, 26 Feb 2019 07:00:27 +0000 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190226070027_13981273/ <![CDATA[RNS press release - Notice of Investor Conference Call ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190226070018_13981227/ Tue, 26 Feb 2019 07:00:18 +0000 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190226070018_13981227/ <![CDATA[Media files - Tekcapital showcases portfolio headliners from the world's 'university ideas factory' ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/12342/tekcapital-showcases-portfolio-headliners-from-the-world-s--university-ideas-factory--12342.html Mon, 25 Feb 2019 11:47:00 +0000 https://www.proactiveinvestors.co.uk/companies/stocktube/12342/tekcapital-showcases-portfolio-headliners-from-the-world-s--university-ideas-factory--12342.html <![CDATA[News - Tekcapital soars as net assets reach record level in 2018 ]]> https://www.proactiveinvestors.co.uk/companies/news/215190/tekcapital-soars-as-net-assets-reach-record-level-in-2018-215190.html Tekcapital PLC (LON:TEK) shares soared in mid-morning trading Monday after it reported a record level of net assets in its latest full-year results.

In the year ended 30 November 2018, the IP investment group reported net assets of US$16.1mln, up 51% on the year before, while net asset value (NAV) rose 20% to US$0.3 per share.

WATCH: Tekcapital showcases portfolio headliners from the world's 'university ideas factory'

The valuation of the company’s portfolio also surged by 88% to US$13.7mln.

Looking to the current fiscal year, Tekcapital’s executive chairman Clifford Gross said the company was exploring “a new potential investment in cannabidiol intellectual properties” to address current market demand, adding that “further increases in returns” from its portfolio were expected.

Cannabidiol, also known as CBD, is a medicinal compound found in the cannabis plant and can be used in the treatment of certain neurological disorders such as epilepsy.

Tekcapital’s move comes as the cannabis market continues to gain traction following its legalisation in several jurisdictions recently, most notably Canada and several US states. According to business consultancy Grand View Research, the market is predicted to be worth around US$146.4bn by 2025 with an annual growth rate of 35%.

In the rest of the results, Tekcapital’s pre-tax profits rose to US$4.55mln from US$4.15mln in the year, while total revenues dipped to US$6.83mln from US$7.26mln.

Revenues from services, however, increased 28% to US$1mln, including management fees and research & development tax refunds.

Operating expenses were also cut by 29% during the year to US$1.7mln.

In a note to clients, company broker finnCap upped their target price for the firm by 68% to 32p to reflect the increased NAV.

Shares were up 27% at 7.4p.

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Mon, 25 Feb 2019 07:55:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/215190/tekcapital-soars-as-net-assets-reach-record-level-in-2018-215190.html
<![CDATA[RNS press release - Full Year 2018 Preliminary Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190225070006_13979567/ Mon, 25 Feb 2019 07:00:06 +0000 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190225070006_13979567/ <![CDATA[News - Tekcapital jumps as Lucyd readies to launch glasses line in partnership with NFL pro Richard Sherman ]]> https://www.proactiveinvestors.co.uk/companies/news/215027/tekcapital-jumps-as-lucyd-readies-to-launch-glasses-line-in-partnership-with-nfl-pro-richard-sherman-215027.html Tekcapital PLC’s (LON:TEK) shares jumped in early deals Thursday as its portfolio firm, Lucyd, planned to launch a line of designer sunglasses in partnership with Richard Sherman, an NFL cornerback for the San Francisco 49ers.

Lucyd, whose eyewear products include Bluetooth-enabled glasses, will launch the new line, known as Sherman Shades, in the third quarter of 2019 with a promo commercial featuring Sherman himself, who is also chief brand officer, scheduled for March.

READ: Tekcapital portfolio company Belluscura files for another patent for its portable oxygen concentrator

Meanwhile, the company’s Lucyd Loud 2.0 range of its Bluetooth glasses, which will include ten styles, is scheduled for global roll out in the second quarter.

Lucyd had also garnered media attention, with its Loud glasses featuring on Good Day Sacramento as well as in the Boston Globe.

"We are very glad to see the continued technology and marketing progress of Lucyd", said Dr Clifford Gross, chairman of Tekcapital.

Tekcapital, which specialises in commercialising intellectual property, said in a separate announcement that its results for the 12 months ended 30 November 2018 would be released on 25 February.

Shares were up 3.3% at 6.2p.

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Thu, 21 Feb 2019 08:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/215027/tekcapital-jumps-as-lucyd-readies-to-launch-glasses-line-in-partnership-with-nfl-pro-richard-sherman-215027.html
<![CDATA[RNS press release - Lucyd Provides Market Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190221070021_13976505/ Thu, 21 Feb 2019 07:00:21 +0000 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190221070021_13976505/ <![CDATA[RNS press release - Notice of Preliminary Results Announcement ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190221070020_13976502/ Thu, 21 Feb 2019 07:00:20 +0000 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190221070020_13976502/ <![CDATA[News - Tekcapital portfolio company Belluscura files for another patent for its portable oxygen concentrator ]]> https://www.proactiveinvestors.co.uk/companies/news/214870/tekcapital-portfolio-company-belluscura-files-for-another-patent-for-its-portable-oxygen-concentrator-214870.html Belluscura, one of Tekcapital PLC’s (LON:TEK) portfolio companies, has filed for another patent for its X-PLOR portable oxygen concentrator ahead of its planned commercial launch later this year.

Tekcapital said Belluscura, in which it holds a 29% stake, has filed a broad patent application covering oxygen enrichment inventions relating to a portable artificial lung and wound care devices.

DEEP DIVE: Tekcapital expects strategy to lead to improved profits

The latest patent application, titled ‘Improved Extracorporeal Membrane Oxygenation Device, System and Related Methods’, involves incorporating and expanding Belluscura’s existing oxygen enrichment patent portfolio into an innovative, next-generation portable artificial lung and a novel wound care treatment device.

“We are very excited about our next generation oxygen technology,” said Belluscura chief executive Bob Rauker.

“With the anticipated launch of our X-PLOR portable oxygen concentrator later this year into the respiratory treatment field where over 250mln people suffer from chronic obstructive pulmonary disease (COPD), the third leading cause of death, it is critical that we continue to innovate into the ever-expanding oxygen therapy market.”

Tekcapital chairman Clifford Gross said he was “delighted” with the continued progress being made by the Belluscura team.

Portable oxygen generator market growing rapidly

Portable oxygen generators are designed to replace oxygen cylinders, which have been around for years but are cumbersome and can only carry a finite supply of oxygen.

By contrast, X-PLOR is much smaller, runs on batteries and will keep generating concentrated oxygen as long as it has a charge.

The portable oxygen market has seen tremendous growth in the past few years and Belluscura estimates that the global market size will reach US$2.4bn within five years.

Tekcapital shares were unchanged at 5.4p on Tuesday.

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Tue, 19 Feb 2019 09:31:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/214870/tekcapital-portfolio-company-belluscura-files-for-another-patent-for-its-portable-oxygen-concentrator-214870.html
<![CDATA[RNS press release - Belluscura Files Additional Patent ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190219085201_13974043/ Tue, 19 Feb 2019 08:52:01 +0000 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190219085201_13974043/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190215152656_13971617/ Fri, 15 Feb 2019 15:26:56 +0000 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190215152656_13971617/ <![CDATA[News - Tekcapital expects strategy to lead to improved profits and returns ]]> https://www.proactiveinvestors.co.uk/companies/news/214098/tekcapital-expects-strategy-to-lead-to-improved-profits-and-returns-214098.html Tekcapital PLC (LON:TEK) is an intellectual property (IP) investment firm that helps commercialise innovations developed in universities around the world. It spins out the IP into separate companies and finds management to help capitalise on and commercialise the IP.

On the investment side, its current portfolio boasts firms that are at technology’s cutting edge.

TekCapital also has a services business that helps companies find, evaluate, and license technologies.

Portfolio companies:

The portfolio includes 97.5%-owned Salarius, which owns a patented manufacturing process for producing low-sodium salt, a market expected to be worth US$1.76bn by 2025.

It also includes wholly-owned Lucyd Ltd, which is developing smartglasses, a sector that is estimated to reach US$36.4bn by 2023.

Tekcapital has a 33% stake in Bellascura, which is developing a CURV portable oxygen concentrator (POC). The POC market is projected to reach US$1.7bbn by 2022.

Wholly-owned Guidant was established by Tekcapital to commercialise new technology to improve the safety and efficiency of autonomous driving. It has a exclusively licensed US patent that has the potential to enable the development of software apps for controlling autonomous vehicles such as cars, trucks and drones using artificial intelligence.

Other portfolio companies include touch-screen technology developer, e-Soma Ltd, and food preparation firm, Smart Food Tek.

Inflection points: Tekcapital recently appointed Dr Mireya McKee as business development manager. She brings more than 17 years of research, technology transfer and innovation management experience, including as a senior consultant for Oxford University Innovation. Tekcapital raised US$1.1mln through a share placing last October to fund the development and commercialisation of technologies in the company’s portfolio In the first half of 2018, revenue from services increased by 29% to US$639,561 while the fair value of its portfolio companies saw a net increase of US$638,852. Net assets overall rose by 35% to US$10.7mln. Lucyd has formed a reseller partnership with a Brazilian optical retailer and bagged its first order. The distributor has purchased an initial order for 100 pairs of Lucyd Loud Bluetooth, bone-conducting glasses, which they will be selling on their own online eyewear store, which will primarily serve Brazil, Mexico, Colombia and Chile Belluscura and its research partner Separation Design Group have filed three patent applications and received a Notice of Allowance for a fourth application in the fields of respiratory, postoperative recovery, sleep monitoring and artificial intelligence.The new filings will take Belluscura’s total licenses in the fields to 15 patents and applications. Blue Sky:

Tekcapital chairman Dr Clifford Gross has said the firm’s strategy would “likely to result in further increases in returns on invested capital, and profitability in the future”.

He added: "Because of the quickening pace of innovation, an increasing number of companies are making ever faster and more disruptive use of innovative ideas sourced exogenously. We believe this should result in increased service revenues in the future and enhancement of the combined value of our portfolio companies."

In a note to clients, finnCapp investors said: “The group provides access to intellectual property sourced from a global network of universities, providing unique technology investment opportunities to its customers and its own portfolio companies.

"At present, the stock sits at a 57% price to book discount to the average of its direct peer group, and applying that average to the company’s NAV implies a target price of 19p and potential share price upside of 124%.”

finnCap has set an initial price target of 19p based on its valuation versus its peer group.

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Wed, 06 Feb 2019 07:54:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/214098/tekcapital-expects-strategy-to-lead-to-improved-profits-and-returns-214098.html
<![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190130092346_13951715/ Wed, 30 Jan 2019 09:23:46 +0000 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190130092346_13951715/ <![CDATA[News - Tekcapital’s Guident appoints former Zipcar VP as director ]]> https://www.proactiveinvestors.co.uk/companies/news/212480/tekcapitals-guident-appoints-former-zipcar-vp-as-director-212480.html Tekcapital PLC’s (LON:TEK) portfolio firm Guident has appointed Daniel Grossman as a director.

The UK IP investment firm said Grossman had previously served as chief executive of commuter shuttle service Chariot and vice-president of ZipCar as well as chief operating officer of General Motors’ mobility division, Maven.

READ: Former General Motors' Cadillac boss joins Tekcapital's Guident as director

“Dan is a proven global manager and entrepreneur in the automotive industry. He has extensive experience successfully developing and transforming companies to achieve breakthrough results, competitive advantage, and shareholder value” the company said.

Guident was established by Tekcapital to commercialise new technology to enhance the utility, safety and enjoyment of autonomous vehicles and drones, including the potential for auto-parking or ride-sharing.

"Autonomous vehicles will make it easier, safer and more convenient for people to travel. I believe software apps will play an increasingly important role in enabling individuals to benefit from an autonomous transportation network. I'm looking forward to contributing to the growth and success of Guident," Grossman said.

Dr Clifford Gross, chairman of Tekcapital, said: "We are delighted that Guident has appointed Daniel Grossman as a director. He is a highly experienced and successful automotive executive who understands first-hand how autonomous vehicles have the potential to help individuals and companies better achieve their transportation objectives. We are confident he will make a significant contribution to the commercialisation of Guident's patented autonomous vehicle software technology. According to Market Research Future1, the autonomous vehicle market is expected to reach US$65.3bn by 2027."

Guident announced another board appointment in December when Johan de Nysschen, the former head of General Motors’ Cadillac division, joined as a director.

In early trading Monday, Tekcapital shares were steady around 6.2p.

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Mon, 14 Jan 2019 08:34:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/212480/tekcapitals-guident-appoints-former-zipcar-vp-as-director-212480.html
<![CDATA[RNS press release - Guident Ltd Appoints Director ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190114070005_13932732/ Mon, 14 Jan 2019 07:00:05 +0000 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20190114070005_13932732/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20181217163648_13906759/ Mon, 17 Dec 2018 16:36:48 +0000 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20181217163648_13906759/ <![CDATA[RNS press release - University IP webinar ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20181212070004_13900187/ Wed, 12 Dec 2018 07:00:04 +0000 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20181212070004_13900187/ <![CDATA[News - Former General Motors' Cadillac boss joins Tekcapital's Guident as director ]]> https://www.proactiveinvestors.co.uk/companies/news/210696/former-general-motors-cadillac-boss-joins-tekcapital-s-guident-as-director-210696.html Tekcapital PLC’s (LON:TEK) wholly-owned portfolio company, Guident Ltd, has appointed the former head of General Motors Co's Cadillac division as a director.

Johan de Nysschen stepped down as GM vice president and president of Cadillac earlier this year after almost four years at the company to pursue other interests.

READ: Tekcapital raises US$1.1mln in placing while portfolio company appoints chairman

He has also previously served as president at Infiniti Motor Company Ltd, at Audi of America Inc and at Audi Japan.

He’ll bring his experience as a manager in the automotive industry to Guident, which is developing a patented technology that has the potential to enable software development for the control of autonomous vehicles and drones via apps and the use of artificial intelligence.

"Autonomous vehicles are poised to disrupt and transform the automotive industry,” said De Nysschen.

“I believe they have the potential to democratise driving, improve safety, create a new asset class and increase the fun and utility of vehicle ownership. New players will emerge and some will evolve into industry leaders. I'm looking forward to contributing to the growth and success of Guident.”

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Thu, 06 Dec 2018 14:04:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/210696/former-general-motors-cadillac-boss-joins-tekcapital-s-guident-as-director-210696.html
<![CDATA[RNS press release - Guident Ltd Appoints Director ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20181206070009_13893351/ Thu, 06 Dec 2018 07:00:09 +0000 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20181206070009_13893351/ <![CDATA[News - Tekcapital says portfolio company Lucyd signs San Francisco 49ers NFL cornerback as chief brand officer ]]> https://www.proactiveinvestors.co.uk/companies/news/210375/tekcapital-says-portfolio-company-lucyd-signs-san-francisco-49ers-nfl-cornerback-as-chief-brand-officer-210375.html Tekcapital PLC (LON:TEK) said its wholly-owned portfolio company Lucyd Ltd has signed Richard Sherman, cornerback of the San Francisco 49ers NFL team, as its chief brand officer.

The UK intellectual property investment group focused on creating marketplace value from university technology,  noted that Sherman will bring a large fan following and international recognition to the Lucyd brand.

READ: Tekcapital portfolio company Lucyd launches affiliate and reseller programme

Lucyd operates an innovative eShop that provides advanced eyewear to enhance the visual experience. In his role as Chief Brand Officer, Sherman will not only be an ambassador for Lucyd but will also guide design and development of a new athletically inspired line of performance eyewear.

Sherman leads the NFL with 32 interceptions and has 99 pass break-ups, and is considered one of the best cornerbacks in the league, having been named to four Pro Bowl rosters and four All-Pro teams in his seven seasons in the NFL.

Sherman said, "Lucyd is an exciting new eyewear company. I believe they can become the go-to place for cutting-edge specs, both in style and tech. Their glasses are fun, affordable and a real upgrade to eyewear."

Harrison Gross, co-founder of Lucyd said, "We are delighted to bring on Mr Sherman as our first brand ambassador and Chief Brand Officer. We believe his involvement with the company will bring significant brand awareness, both among his personal following of over two million on social media, and across the sports fandom in general."

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Mon, 03 Dec 2018 08:57:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/210375/tekcapital-says-portfolio-company-lucyd-signs-san-francisco-49ers-nfl-cornerback-as-chief-brand-officer-210375.html
<![CDATA[RNS press release - Lucyd Signs R Sherman as Chief Brand Officer ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20181203070008_13888034/ Mon, 03 Dec 2018 07:00:08 +0000 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20181203070008_13888034/ <![CDATA[RNS press release - Mello London ]]> https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20181126070007_13879401/ Mon, 26 Nov 2018 07:00:07 +0000 https://www.proactiveinvestors.co.uk/companies/rns/8413/LSE20181126070007_13879401/